Part 3/7:
The administration also celebrates a robust economic outlook, citing positive reports across multiple sectors. Recent Consumer Price Index (CPI) figures surpassed market expectations, indicating that inflation remains stable at a modest 1.9% annual rate during President Trump’s first half-year in office.
Prices for everyday household goods continue to decline, providing relief to American consumers. Notably, energy prices saw notable decreases in July: gasoline prices are down nearly 10% over the past year, while propane costs have fallen by approximately 2.5%. Egg prices, which surged during previous periods, have dropped significantly—down 20% since Trump took office. Shelter costs, a primary driver of inflation, are at their lowest since October 2021.